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As the Year of the Earth Pig has come, it is time to look back at what happened during the previous year. Happy Chinese New Year! As the Year of the Yellow Mountain Dog has drawn to a close, it is time to look back at what happened. While there was a promising start in January 2018, when most altcoins were enjoying their all-time highs, the bear eventually took over, and the market delved into the so-called “Crypto Winter.” Nevertheless, there was good news, too: The United States regulators expressed their desire to stick to “positive regulation,” while big league investors poured some funds into a number of promising, compliant crypto projects (mostly stablecoins). Here is what was happening month-by-month, along with the main takeaways. January 2018Japanese crypto exchange Coincheck was hacked, overtaking the infamous 2014 Mt.Gox collapse — an industry-record-breaking $532 million worth of NEM tokens was stolen this time. Despite the amount of damage, Coincheck has managed to stead..
The South African Reserve Bank’s latest cryptocurrency report has led to a positive outlook for the sector in the country. A working group of South African financial regulatory organizations has released a consultation paper focused on cryptocurrencies, calling for public input to develop a cryptocurrency regulation policy for the country. This latest consultation paper is the most in-depth review of cryptocurrencies from South African financial institutions since an initial public statement on what it calls crypto assets was issued by South African authorities back in 2014. The group that was responsible for putting together this consultation paper is comprised of the Financial Intelligence Centre (FIC), the Financial Sector Conduct Authority (FSCA), the National Treasury (NT), the South African Revenue Service (SARS) and the South African Reserve Bank (SARB). As Cointelegraph previously reported, South Africa has taken a conservatively optimistic approach toward cryptocurrencies. Th..
Ethereum Classic has started the new week well with an upward trend as it may visit the all important $12 level soon. The past few weeks were rough for Ethereum Classic as they were for virtually every other cryptocurrency. The good news is that this week promises to be different. The price of Ethereum Classic started consolidating above the support at $10.80 this morning forming a significant bearish trend line that had resistance at $11.35 on the one hour chart of Ethereum Classic to USD. If the price continues to trade positively, it will most likely break the support at $11.80 and then $12.00 short-term. SEE ALSO: What Does The Future Hold For Qtum? Is There Any Hope For The Coin? $75M raised already. Hurry up! Neluns ICO Ends in just 1 day! Up to 35% extra-bonus. Don't Miss Out! Ethereum Classic (ETC) Price Today – ETC / USD Name Price24H (%)$6,582.45 -0.44%$11.22 -0.46% The upward movement in price started after Ethereum Classic moved as low as $10.40 against the USD. The ..
The cryptocurrency market may have taken a brief pause from the bearish market with the price of major cryptocurrencies stabilizing. Bitcoin cash is one of those cryptocurrencies and this morning, it started consolidating its gains above the $470 support zone. On the chart, a contracting bullish triangle that had support at $485 was formed. The relative strength index is above level 50 and the BCH to USD pair will most likely keep consolidating until it crosses the $500 and $510 level. Bitcoin Cash (BCH) Price Today – BCH / USD Name Price24H (%)$6,611.73 -2.15%$468.11 -6.55% The price of Bitcoin Cash (BCH) is supported above $450 and $460 and will most likely rise toward $500 soon. Throughout the week, the price was able to stay above the $430 level even trading above the resistances at $450, $460 and $470. It closed above the significant support at $460 and above the 100 hourly SMA moving all the way to $510 before a downward correction started. Due to the downward correction, the ..